DVH Electrics: what changed
DVH Electrics
Largest movements
- Receivables within one year -€87,126
down €87,126 (-74.0%), from €117,751 to €30,625
of which Trade receivables: -€63,108
- Cash +€74,001
up €74,001 (+153%), from €48,249 to €122,250
mainly Receivables within one year (+€87,126) and Net result for the year (+€19,087)
- Tangible fixed assets -€12,056
down €12,056 (-44.9%), from €26,824 to €14,768
of which Furniture and vehicles: -€11,600
- Reserves -€18,269
down €18,269 (-11.0%), from €165,529 to €147,260
of which Distributable reserves: -€18,269
- Debts after one year -€2,956
no longer reported in 2025 (was €2,956)
- Tax, wage and social debts -€2,714
down €2,714 (-23.0%), from €11,778 to €9,064
- Gross operating margin -€2,148
down €2,148 (-4.4%), from €48,574 to €46,426
- Other operating charges +€536
up €536 (+27.4%), from €1,958 to €2,494
- Taxes -€516
down €516 (-5.0%), from €10,308 to €9,792
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,871 | €169,358 | -€24,513 | -12.6% |
| Fixed assets | 21/28 | €26,920 | €14,864 | -€12,056 | -44.8% |
| Tangible fixed assets | 22/27 | €26,824 | €14,768 | -€12,056 | -44.9% |
| Land and buildings | 22 | €891 | €748 | -€143 | -16.0% |
| Plant, machinery and equipment | 23 | €5,104 | €4,791 | -€313 | -6.1% |
| Furniture and vehicles | 24 | €20,829 | €9,229 | -€11,600 | -55.7% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €166,951 | €154,494 | -€12,457 | -7.5% |
| Stocks and contracts in progress | 3 | €164 | €106 | -€58 | -35.4% |
| Stocks | 30/36 | €164 | €106 | -€58 | -35.4% |
| Amounts receivable within one year | 40/41 | €117,751 | €30,625 | -€87,126 | -74.0% |
| Trade receivables | 40 | €80,398 | €17,290 | -€63,108 | -78.5% |
| Other amounts receivable | 41 | €37,353 | €13,335 | -€24,018 | -64.3% |
| Cash at bank and in hand | 54/58 | €48,249 | €122,250 | +€74,001 | +153% |
| Deferred charges and accrued income | 490/1 | €787 | €1,513 | +€726 | +92.2% |
| Total equity and liabilities | 10/49 | €193,871 | €169,358 | -€24,513 | -12.6% |
| Equity | 10/15 | €171,729 | €153,460 | -€18,269 | -10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,529 | €147,260 | -€18,269 | -11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €163,669 | €145,400 | -€18,269 | -11.2% |
| Amounts payable | 17/49 | €22,142 | €15,898 | -€6,244 | -28.2% |
| Amounts payable after more than one year | 17 | €2,956 | - | -€2,956 | |
| Financial debts | 170/4 | €2,956 | - | -€2,956 | |
| Amounts payable within one year | 42/48 | €19,186 | €15,898 | -€3,288 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €4,274 | €2,956 | -€1,318 | -30.8% |
| Trade debts | 44 | €3,134 | €3,012 | -€122 | -3.9% |
| Suppliers | 440/4 | €3,134 | €3,012 | -€122 | -3.9% |
| Taxes, remuneration and social security | 45 | €11,778 | €9,064 | -€2,714 | -23.0% |
| Taxes | 450/3 | €11,778 | €9,064 | -€2,714 | -23.0% |
| Other amounts payable | 47/48 | - | €866 | +€866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,331 | €14,272 | -€59 | -0.4% |
| Other operating charges | 640/8 | €1,958 | €2,494 | +€536 | +27.4% |
| Gross operating margin | 9900 | €48,574 | €46,426 | -€2,148 | -4.4% |
| Operating profit (loss) | 9901 | €32,285 | €29,660 | -€2,625 | -8.1% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,131 | €785 | -€346 | -30.6% |
| Recurring financial charges | 65 | €1,131 | €785 | -€346 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €31,154 | €28,879 | -€2,275 | -7.3% |
| Income taxes | 67/77 | €10,308 | €9,792 | -€516 | -5.0% |
| Profit (loss) for the period | 9904 | €20,846 | €19,087 | -€1,759 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,846 | €19,087 | -€1,759 | -8.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.